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Friday, May 12, 2023

Proposed revolving fund for workers approved

COTABATO CITY – After almost seven hours of deliberation, the Bangsamoro Parliament's Finance, Budget, and Management Committee approved a proposed measure which would allot a revolving fund to pay salaries and other benefits to nationally funded workers supervised by BARMM offices.

Deputy Floor Leader Atty. Jose Lorena

The BTA Bill No. 41, or the Bangsamoro Revolving Fund Act of 2023, will set aside a P1-billion revolving fund to ensure that salaries and remunerations are paid on time.

The proposed measure will include a mechanism that requires the funds utilized by the ministry, agency, or office to be reimbursed immediately when the concerned national government agency has transferred or downloaded the national funds.

According to Deputy Floor Leader Atty. Jose Lorena, who presided over the recent meeting, said the Finance, Budget, and Management Committee aims to submit the committee report before the second regular session resumes. (LTAIS-Public Information, Publication, and Media Relations Division)



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